Lybra has a 4-point plan for building a comprehensive DeFi ecosystem atop the Lybra protocol. The Lybra Wars, the expansion of LST collateral options, the Lybra Grants Program and new partnerships are combining to achieve this. Current progress is reflected in the stats, with eUSD/peUSD’s combined circulation growing by 36%…

TL;DR The TVL of the wstETH vault on Lybra grew by 500% from ~13m to 78m+ in week 1 of Lido’s Lybra Wars incentives program. Simultaneously, overall peUSD circulation increased 160% from $15m to $39m+, skyrocketing from 52nd to 25th in the stablecoin rankings. The circulation of eUSD/peUSD together grew…

TL;DR Phase 1 of the Lybra Wars kicks off with Lido offering additional incentives to Lybra protocol users, rewarding those minting peUSD using wstETH. Now, in addition to the regular esLBR rewards, those who mint peUSD using wstETH will receive further rewards from Lido in the form of stETH. This…

TL;DR The Lybra Grants Program will be launching on November 1st, offering grants of up to 100,000+ esLBR to fund the expansion of the Lybra ecosystem. The grants will fund the creation of new protocols, interoperability solutions, research initiatives, and community education relating to eUSD and peUSD. The application period…

Introducing Lybra’s Partnership With Pendle eUSD is Lybra’s LST-backed, interest-bearing, decentralized stablecoin that offers users approx. 5% APY just for holding it. Combined together, eUSD and peUSD (its omnichain, DeFi utility version) currently have a circulating supply of over $125M, making them the 13th most widely used stablecoin solution. However, this is just the beginning…

TL;DR The launch of the Lybra DAO empowers Lybra governance token holders to take control of key decisions on the protocol’s future. This lays the groundwork for the Lybra Wars, where esLBR holders can receive bribes from LST pools for directing emissions to their pools. The Lybra Wars will increase…

TL;DR The first Lybra DAO proposal will be submitted on Friday 6th October at 12pm UTC. Voting will commence an hour later at 1pm UTC. There are different voting processes for Off-Chain proposals (taking place on Snapshot) and On-Chain proposals (taking place on Tally). DAO Proposal 1 will be an…

Background Lybra V2 launched on August 31st 2023. To expedite the transition from V1 to V2, the protocol decided to set a timeline of 30 days (from the date of V2 launch) for the migration of LBR tokens from V1 to V2. Since the launch of V2, the team have actively…

TL;DR The Lybra DAO is launching on Sunday 1st October at 1pm UTC. Holders of esLBR will be able to submit and vote upon governance proposals that guide the future development of the Lybra protocol. Jump here for step-by-step instructions on how to submit and vote upon DAO proposals. Introducing The Lybra DAO